🚨 Top Crypto News – June 19, 2025

1. U.S. Senate passes the GENIUS Act for stablecoin regulation

The Senate overwhelmingly approved the GENIUS Act (68–30), setting standards for U.S.-dollar‑pegged stablecoins—requiring full backing by liquid assets and monthly disclosures. Next it heads to the House. Supporters see it as a landmark framework; critics argue it misses loopholes, especially regarding presidential financial interests .

2. Market reaction: Bitcoin and Ethereum firm amid geopolitical tensions

Despite Middle‑East unrest, Bitcoin is holding above $105K—seen as resilience in a “store of value” role. Ethereum hovers around $2.5K, tracking broader crypto consolidation ahead of Federal Reserve decisions .

3. Major hack: $90M stolen from Iranian exchange Nobitex

The group “Predatory Sparrow” reportedly seized $90 million in crypto from Nobitex, then transferred funds to burn wallets as a political statement amid Iran–Israel tensions. This event is fueling broader security discussions in the crypto space .

4. Binance reaches a 12‑month high in global spot market share

Binance now commands ~41.1% of global spot trading volume—the highest share it's held in a year—dominating Bitcoin spot markets as well .

5. Coinbase stock surges on stablecoin bill optimism

Coinbase (COIN) shares jumped 16–17% to $297, driven by stablecoin regulatory clarity (GENIUS Act). As a co‑founder of USDC, it stands to gain materially. Meanwhile, Coinbase is seeking SEC approval to offer blockchain-based tokenized equities .

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✅ Investor Takeaways

Theme Insight

Regulation The GENIUS Act marks a major step toward formal stablecoin oversight, promising greater institutional trust.

Geopolitics Regional instability is tightening crypto prices—a flight to safety may bolster Bitcoin and stablecoins.

Security High-profile hacks stress the ongoing need for stronger exchange and wallet protection.

Institutional Edge Coinbase and Binance continue to lead in trading and institutional adoption.

#NobitexHack #PowellRemarks